Central Petroleum Shareholders Association, page-22

Does anyone know with certainty, if MBL are allowed to purchase any further shares either on-market or off-market, now that they have made an offer by way of a S of A?
according to my quick look at CTP A/R, MBL still had only 10m shares, or 2.31% ( am happy to be corrected).
Normally a s/h only has to lodge a Sub S/H Notice once it reaches 5%.
But I am pretty sure that under takeover law, an acquirer must notify the market when it's holding increases by each 1%. So when MBL shareholding changes to 3.31% it must notify ASX.
Also MBK cannot pay more on market (or off market) than it is paying to everyone else.
I am not sure how they would treat the Contingent payment?
( this is a similar situation to the t/o payment terms of Interoil???)
I am pretty sure that this is a treated like any other t/over, and it is simply being conducted by way of a S of A.
ergo all the T/O rules still apply.
so IF MBL purchased any of those shares traded on market they:
- would have to notify the market immediately ie next day
- they could not purchase any shares above 20c
if we do not hear from MBL Monday, then they did not purchase any.

any shares held by associates or Related Parties of MBL would be counted within the declared MBL shareholding.
The claims by a poster that MBL has used nominee companies to hide other shareholdings I believe is rubbish - because there has been no evidence to back up those claims, and MBL simply would not be so dumb as to do that! They are a Bank, and that could even put their Banking License in question. Why would they ruin their reputation over CTP?
We should Stick to facts - not scaremongering.
Just let CTP S/h Assoc do their best.
I am sure people will ask the difficult questions on the Tuesday meeting.
As I have found in very, very similar situations, a face to face meeting with Mgt is terrific - because you can put all the difficult questions directly to the decision makers. Then judge the response for yourself.
Then s/h can walk away, and decide what they want to do.
The power is still in the hands of CTP shareholders.
If the Scheme does not get the required hurdle rate, then the Scheme fails.
Simple